The Western Union Company to Issue Quarterly Dividend of $0.24 (NYSE:WU)

The Western Union Company (NYSE:WU) declared a quarterly dividend on Thursday, August 28th, RTT News reports. Investors of record on Tuesday, September 16th will be given a dividend of 0.235 per share by the credit services provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Tuesday, September 16th.

Western Union has a dividend payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Western Union to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 49.2%.

Western Union Stock Performance

Shares of WU opened at $8.43 on Friday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day moving average price of $8.41 and a two-hundred day moving average price of $9.30. The firm has a market capitalization of $2.72 billion, a P/E ratio of 3.19, a P/E/G ratio of 2.91 and a beta of 0.64. Western Union has a 52 week low of $7.89 and a 52 week high of $12.40.

Western Union (NYSE:WU) last issued its quarterly earnings data on Monday, July 28th. The credit services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Western Union had a return on equity of 66.11% and a net margin of 21.83%.The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. Equities analysts forecast that Western Union will post 1.79 earnings per share for the current fiscal year.

About Western Union

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.